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Sabrina Bailey named Global Head of Defined Contribution at Northern Trust Asset Management


Sabrina Bailey (pictured) has joined Northern Trust Asset Management as Global Head of Defined Contribution, a new position created to strengthen Northern Trust’s strategic focus on its growing retirement solutions business. 

Bailey brings 15 years of experience to the role, most recently as head of the US defined contribution segment for Mercer Investment Consulting.

As part of its Defined Contribution Solutions team expansion, Northern Trust also recently hired Gaobo Pang, PhD, as Senior Behavioural Finance Specialist. A recognised conference speaker and academic practitioner, Pang is known for his work at consultant Towers Watson and the World Bank.

“We are pleased to welcome these senior leaders to our growing Defined Contribution practice,” says Stephen N Potter, President of Northern Trust Asset Management. “At a time when we are developing new products and building assets under management, Sabrina Bailey will be a strong, experienced voice at the helm of our global DC business. Gaobo Pang exemplifies the investment we are making in this team, bringing expertise that will enhance our understanding of investor behaviour and translate that knowledge into innovative solutions for DC plan sponsors.”

Bailey comes to Northern Trust from Mercer Investment Consulting in Seattle, where she was responsible for the deployment of innovative solutions and intellectual capital, provided investment consulting services to some of the firm’s largest retirement plan clients, and led internal strategy, research and client service committees. Prior to Mercer, Bailey held senior consulting, client service and management roles at Towers Watson and two other firms. She earned BA and MBA degrees from George Fox University in Newberg, Oregon.

Pang’s work for Towers Watson and the World Bank includes macroeconomic and policy research, statistical and econometric analysis of workers’ labor behavior, savings adequacy and investment choices, and developing and evaluating optimal strategies, particularly about qualified default investment alternatives and retirement income solutions. He has published extensively in periodicals including the Journal of Retirement, Journal of Pension Economics and Finance and Financial Analysts Journal. Pang earned a PhD in Economics from the University of Maryland, College Park, master’s degrees from Tsingua University in Beijing, China, and the University of Maryland, and a BA in International Economics at Fudan University in Shanghai, China.

In addition to the external hires, Brian Bursua and Patrick Gaskin have also joined the DC Solutions group in sales and service roles from within Northern Trust, to further align resources and provide focus in serving the recordkeeper channel.

“Northern Trust’s commitment to the defined contribution business has never been stronger, with continued focus on the importance of people and resources dedicated to supporting the rapid growth of our clients in the DC market,” says Jason Tyler, Head of the Institutional Group at Northern Trust Asset Management. “As global leader, Sabrina Bailey will continue to add resources to the team in support of our initiatives to meet the evolving needs of retirement plan sponsors and the DC marketplace.”

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